Stanley Black & Decker Completes $3.2B Security Sale
The transaction was initially announced on Dec. 8, 2021, and Security generated approximately $1.6 billion in revenue that year.
Stanley Black & Decker Completes $3.2B Security Sale Read More »
The transaction was initially announced on Dec. 8, 2021, and Security generated approximately $1.6 billion in revenue that year.
Stanley Black & Decker Completes $3.2B Security Sale Read More »
The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over the same period last year.
Snap-on 2Q Sales Rise 5% Read More »
The industrial technology manufacturing company financed the transaction through a combination of available cash and debt.
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OTC Industrial Technologies has partnered with Quincy Compressors, a manufacturer of reciprocating and rotary screw air compressors.
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The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to $2.1 billion.
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The companies hope combined activities and product portfolios will help create a well-balanced entity and more growth in existing regions.
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The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch’s geographic footprint to 71 locations.
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The new facility in Allentown, Pennsylvania, spans 30,269 square feet to support increased inventory and space for new services.
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Sandvik also reported second-quarter 2022 revenue of $2.6 billion, with a growth rate of 25% year-over-year.
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The Producer Price Index for final demand increased 1.1% in June compared to the prior month, the Bureau of Labor Statistics reported.
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The company said it adds new branches ‘where it can best support customers and businesses in their local communities.’
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Richard Harris is currently president of Walter, a division within Sandvik Manufacturing and Machining Solutions.
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The distributor has acquired Cornerstone Supply in Florida and two Intermountain Machining Supply locations in Idaho and Montana.
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Rexel said the acquisition will allow it to expand its presence as a Rockwell Automation distributor in the Northeast U.S.
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BC will now be a TLG partner continuing regular operations under its founders but will transition to a TLG brand as Lawless Group Midwest.
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Carissa Rollins, chief information officer at Illumina, Inc., has been elected to the company’s board of directors.
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Flexpak says it will continue to use acquisitions to expand its presence throughout the Mountain West region.
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